pencie

pencie Updated 

I opened a short earlier after initial break of trend line have now taken the profit happily and waiting for a bounce and retest before aggressively adding more shorts.

pencie

Trendline resistance. 200EMA could cause some noise on the way down is bears don't show up in force.

pencie

Expecting a short grind upwards to the 200EMA ON HOURLY. If rejected strongly will see a down move to the bottom support trend line. Watch for PA here for break or final reversal before upside. This pair is finished with this triangle in my opinion soon and will begin its next move. CAREFUL HOWEVER - Todays close is VERY IMPORTANT as its resting on the 200EMA for...

pencie

Descending trend line resistance. Lac of bullish momentum, 200EMA nearby, clean break of this could see pair tumble. PA needed for entry be careful and stay neutral until trend line reached and PA is clear

pencie Updated 

Noticed a strong pattern that has been occurring for a few months. There is a strong struggle zone in with the currency pair is in at the moment. Watch for interesting price action and most likely a strong movement after a break/PA signal. Probably would favour Downside however remaining Neutral until its unravels further.

pencie

Neutral as of now. Strong PA on Monday will confirm the direction however fundamentals must be considered.